This…
It appears today was the "opposites" Day
- After days of carnage, the Mexican Peso surged
- After a meltup, US financials tumbled (but were magically bid late on to close green
- The divergence between Nasdaq and Dow began to close
- After 6 straight down days, bonds rallied and the curve flattened
- EM Stocks and Bonds rallied after bloodbathing
- Copper traded lower
Some was more of the same..
- Dollar Index surged to new cycle highs – biggest surge in 18 months
- USDJPY exploded over 109.00 to 5 month highs
- Offshore Yuan crashed to another record low
- Stocks continue to rise
- Despite the crazy vol, VIX dropped to 3-week lows with a 13 handle
Stocks started the day off badly, but bounced back valiantly as JPY and Oil soared…
The Dow is up 7 days in a row – the 6% gain is the best run since Dec 2011… (post-Comey clears Clinton)
But it is Small Caps that are flying…
Banks scrambled to close green – 7 days up in a row…
VIX slapped to a 13 handle…
Bonds actually rallied…
Currencies were very active…
Peso reversed its losses and gained over 2%…
The Dollar Index rose for the 7th day in a row (the biggest surge since May 2015)
USDJPY has risen 7 of the last 8 days, soaring over 8 handle post-Trump, to 5-month highs…
USDCNH bloodbathed
Despite USD strength today, gold and silver flatlined as copper and crude bounced…
The post “They’re Buying Everything” – Stocks, Bonds, Oil Surge As VIX Tumbles To 13 Handle appeared first on crude-oil.top.